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Give Yourself Plenty of Time to Make Retirement, End-Of-Life Plans

Martin W. O’Toole, partner and chair of HSE’s Trusts and Estates practice, was featured in a recent Rochester Business Journal article.  In “Give yourself plenty of time to make retirement, end-of-life plans,” Martin provided some insights on retirement that he has learned over his 30+ years advising clients on estate planning. He said his clients that started soul-searching in their 50s and 60s, asking honest questions about how they want to spend their time and money in retirement, tended to be more successful. He suggested thinking of your remaining years in blocks of time. “Is a 15-year time horizon if you’re age 65 meaningful, or is it better to be thinking of five-year blocks?  Once you’ve defined the time period you want to be thinking about, ask the question: do I want to travel, do I want to volunteer, do I want to be close to the grandkids?”

To view the article on Rochester Business Journal’s website, click here.

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